J. McLaughlin, the classic, preppy brand with quaint shops popping up on America’s Main Streets, has been sold to a private equity group, WWD has learned.
The group, led by JH Partners and the Highland Consumer Fund, acquired a majority stake in the business. Jay and Kevin McLaughlin, the brothers who founded J. McLaughlin 34 years ago, as well as the chief executive officer Steven Siegler, retained a minority interest and will continue in their same roles at the company.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)